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AUD/CAD extending near term rally, to target 0.96 next

AUD/CAD extending near term rally, to target 0.96 next
While risk on-sentiment is supporting commodity currencies in general, Aussie has been outperforming others recently. Reacceleration in Australian consumer inflation as shown in last week’s November monthly CPI data suggests little room for RBA to pause for now. Additionally, there is optimism over China’s reopening, as well as resumption of coal purchases. AUD/CAD opened the […] The post AUD/CAD extending near term rally, to target 0.96 next appeared first on Action Forex... Read More
Posted: Jan 16 2023, 03:37
Author Name: actionforex
Views: 110624

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